PwC staff were paid an average of £356 an hour by the official receiver for their work on Carillion’s liquidation, letters released by MPs’ joint inquiry have revealed.
Industry workers have slammed the industry’s approach to long hours as “cancerous” as part of research into working conditions conducted by Construction News.
Midas sees margin fall to 0.3% as turnover risesSubscription
Profit margins at Midas have slumped to 0.3 per cent as clients force down prices, according to the firm’s end-of-year accounts.
Morgan Sindall’s half-year profit jumps 29%Subscription
Morgan Sindall has posted a 29 per cent rise in pre-tax profit from £23.1m to £29.9m in the first half of 2018.
Interserve has reported a pre-tax loss of £6m for the first six months of 2018.
It’s not been the most auspicious summer for London’s Premier League clubs looking to expand their stadiums.
‘The Retentions War’ – that was the title of Lucy Alderson’s excellent feature in the last issue of CN. While it was eye-catching, some perspective is required.
When Royal Mail shareholders cast their votes on directors’ pay last week, the results will have sent shivers through boardrooms across the country.
Corporate pay packets are being scrutinised like never before. CN analysed the accounts of the biggest listed construction firms to reveal who earns the most among the top bosses.
The Carillion story so far…
Sir Robert McAlpine’s chief executive Paul Hamer speaks exclusively to CN on working with the notoriously secretive family firm and drawing up plans for the next 150 years.
Just over 10 months ago, Construction News published the CN100 ranking of the largest UK contractors, and work is well under way on the 2018 instalment.
Six months into the job, Bam Construct CEO James Wimpenny sits down with CN to talk margins, Carillion and the shining example of Huddersfield Town.
It’s not often that Network Rail is singled out for praise.
Interserve’s chief executive Debbie White and chief financial officer Mark Whiteling have perhaps the toughest management jobs in the industry right now.
KPMG’s administrator’s proposals have revealed that three of the Lagan companies put into administration at the beginning of March were liable for a total of £29.4m.
Interserve finally reported its long-awaited annual results today, which revealed a £244m pre-tax loss.
Construction is arguably the sector of the UK economy most prone to insolvencies and bad debts.
Carillion’s demise into liquidation has not only disrupted and unsettled the UK’s construction and FM industries but has also dredged up the debate around the success of private finance initiatives.
Construction News editor Tom Fitzpatrick and associate editor Damon Schünmann visited Mipim to catch up with developers and contractors. Here are nine talking points from the Cannes conference.
Kier reported a healthy rise in half-year profit and revenue this morning, while pointing to a positive full-year outlook.
Clugston loss prompts construction restructureSubscription
Top 20 contractors' payment waits revealedSubscription
Workload growth slips back in Q2Subscription
Carillion: MPs propose outsourcing overhaulSubscription
Carillion inquiry: Government response revealedSubscription
Bad debt plummets in the second quarterSubscription
Workload growth surges to 14-month high in JulySubscription
Trade bodies clash over contractor payment dataSubscription
Bank doubles industry borrowing limitSubscription
Directors face five-year ban on shares saleSubscription
MPs slam government over low pricingSubscription